bank of china ltd-h (W8V) Details

Bank of China Limited, together with its subsidiaries, provides a range of corporate banking, personal banking, treasury operations, investment banking, insurance, and other services in the People’s Republic of China and internationally. The company’s Corporate Banking segment offers current accounts, deposits, overdrafts, loans, trade-related products and other credit facilities, foreign currency, derivatives, and wealth management products to corporate customers, government authorities, and financial institutions. Its Personal Banking segment provides savings deposits, personal loans, credit and debit cards, payments and settlements, wealth management products, and funds and insurance agency services to retail customers. The company’s Treasury Operations segment is involved in the foreign exchange transactions, customer-based interest rate and foreign exchange derivative transactions, money market transactions, proprietary trading, and asset and liability management. Its Investment Banking segment offers debt and equity underwriting and financial advisory, stock brokerage, investment research and asset management, and private equity investment services, as well as sells and trades securities. The company’s Insurance segment underwrites general and life insurance products; and provides insurance agency services. As of December 31, 2014, Bank of China Limited had a total of 11,514 institutions, which included 10,886 institutions in Chinese mainland; and 628 institutions in Hong Kong, Macau, Taiwan, and other countries. The company is also involved in the aircraft leasing business. It operated a fleet of 230 owned aircraft and 20 managed aircraft. Bank of China Limited was founded in 1912 and is headquartered in Beijing, China.

bank of china ltd-h (W8V) Key Developments

Bank of China Limited announced that the term of employment of Chief Credit Officer of the Bank, Mr. Chim Wai Kin, has expired on 26 March 2015, and he has since then ceased to hold office as Chief Credit Officer of the Bank.

Bank of China Limited Announces Earnings Results for the Fourth Quarter of 2014

Mar 26 15

Bank of China Limited announced earnings results for the fourth quarter of 2014. For the quarter, the bank reported net profit of CNY 38.5 billion, 5% higher than a year earlier.

Bank of China Limited Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Mar 25 15

Bank of China Limited announced unaudited consolidated earnings results for the year ended December 31, 2014. For the year, the bank announced net interest income of RMB 321,102 million compared to RMB 283,585 million for the same period a year ago. Operating income was RMB 456,328 million compared to RMB 407,509 million for the same period a year ago. Operating profit was RMB 230,159 million compared to RMB 211,685 million for the same period a year ago. Profit before income tax was RMB 231,478 million compared to RMB 212,777 million for the same period a year ago. Profit for the year was RMB 177,198 million compared to RMB 163,741 million for the same period a year ago. Profit attributable to equity holders of the bank was RMB 169,595 million compared to RMB 156,911 million for the same period a year ago. Total interest income was RMB 602,680 million compared to RMB 518,995 million for the same period a year ago. Diluted earnings per share was RMB 0.58 compared to RMB 0.54 for the same period a year ago. Net cash inflow from operating activities was RMB 126,918 million compared to RMB 312,421 million for the same period a year ago. Purchase of property and equipment, intangible assets and other long-term assets was RMB 35,108 million compared to RMB 34,771 million for the same period a year ago. Weighted average return on net assets was 17.28%.

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